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Financial and industrial stocks drive MSM 30 to green zone

Financial and industrial stocks drive MSM 30 to green zone
The Muscat Securities Market (Photo credit: Arabianeye - Reuters)

Mubasher: The benchmark MSM 30 of Muscat Securities Market recorded its third rise in a row after closing Monday with an increase of 0.02% or 1.26 point to 5,972.51 points.

The Shariah index also advanced 0.13% or 1.12 point to the level of 889.09 points.

The index was supported by the rise in the financial sector by 0.29% thanks to the positive performance by most of its sectors, topped by Oman and Emirates Investment Holding with a growth of 2.65%.

The industrial sector surged 0.8% as Al Jazeera Steel Products was the second top gainer after rising 5.24%.

Meanwhile, the services sector fell by 0.04% as Oman Investment and Finance shrank 0.94%.

Trading volume increased 66.8% to 21.14 million shares from 12.67 million shares exchanged on Sunday. Turnover also rose 29.8% to OMR 4.62 million from OMR 3.56 million.

Oman Hotels and Tourism topped gainers by adding 9.63%, while Construction Material Industry led decliners after falling 2.94%.

Al Jazeera Steel was the most active stock with a trading volume of 3.35 million shares exchanged at OMR 739,210.

Translated by: Elwy el-Manzalawy